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Well Established Parry Sound Restaurant And Cottage Resort For Sale

Parry Sound, Ontario, Canada
Asking Price:
$1,480,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$100K - $250K (CAD)

Handcrafted Custom Log Building with top of the line commercial kitchen equipment, custom wine cellar, floor to ceiling central stone fireplace and first class finishes throughout. Over 4000 square feet licensed for 149 seats. The business has been well established having been in business over 35 years. It’s a very popular fine dining location for the local and Toronto clientele. Parry Sound is a popular and growing year-round community on the shores of Georgian Bay. The business is a true turn-key operation with the top chef and serving team all willing to stay with the business and new owners.
The Inn sits on almost 6 acres alongside the Boyne River on Oastler Lake. The resort is a short 15-minute drive from downtown Parry Sound. There are 6 beautiful cabins in 3 buildings. The resort is popular year-round with the summer vacationers enjoying Georgian Bay and the areas first class golf courses. The Ontario Snowmobile Association Trail system is adjacent to the property making it the go to location for the winter enthusiasts. The resort also enjoys many corporate guests booking the rooms and making use of the corporate room at the restaurant.
The property has municipal site plan approval for the addition of another two duplex cabins. The occupancy is high enough to justify the future investment.

Property Information

Real Estate:

Real Property Included

Location:

3 kms south of Parry Sound. 200 kms north from Toronto Airport. A 2.5 hour drive from the Greater Toronto Area. Growing Community within the Parry Sound District. Lots of Expansion and Development projected over the next 5-10 years as the population continues to migrate north from Toronto.

Premises Details:

33 years in business located 3kms south of Parry Sound. Meandering Boyne River runs through our backyard. Beautiful country setting with lovely colorful gardens! Come for a romantic stay and enjoy dinner in our casual fine dining room! Open year round, 7 days a week, close to snowmobile trails, ATV trails, Georgian Bay and much more! Packages available.

Business Operation

Reasons for selling:

Owner Retiring.

Trading hours:

Varied

Employees:
6
Years established:
33

Other Information

Support & training:

Full Transition and Training Available Pre and Post Closing.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Realtor capable to assist with Buyer Financing. The Seller will also discuss a partial VTB with term and conditions to be negotiated.

Furniture / Fixtures value:
$200,000 (CAD) - included in the asking price
Inventory / Stock value:
$50,000 (CAD) - included in the asking price

Contact Mark Wilson Group

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